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GSMA Launches Mobile Money Test Platform
The GSMA launched a mobile money interoperability testing platform (ITP), designed to provide an open, secure environment for operators, financial providers and other stakeholders to trial systems ahead of full deployment.
- Categories
- Finance
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Marqeta Helps UK SMB Credit Lender Expand Into Spain
Card issuer Marqeta has been helping U.K.-based Capital on Tap to expand its small business credit lending services to Spain, a press release says.
- Categories
- Finance
- Region
- Europe & Eurasia
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Coronavirus Triggers Dollar Drain in Big Emerging Markets
Plunging foreign reserves in Turkey, Indonesia threaten global crisis
- Categories
- Coronavirus, Finance
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Zimbabwe Has Banned All Mobile Money Services as Its Currency Troubles Worsen
Mobile money platforms have been banned in Zimbabwe as the country’s local currency continues to lose value, with authorities desperately hoping to arrest the decline. But the move has left subscribers and users stranded in an economy which sees a huge portion of transactions flow through mobile money platforms due to long-term cash shortages at the banks.
- Categories
- Finance, Impact Assessment
- Region
- Sub-Saharan Africa
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Viewpoint: The Importance of Digital Microfinance for Emerging Markets in a COVID-19 World
Digital products and features that speak directly to customer needs are most likely to have an impact, particularly during a time when we’re seeing a spike in digital inquiries as a result of the stresses and concerns prompted by the pandemic. Real-time advice and quick access to practical solutions that enable quick action are among the most direct routes to improved financial health during an increasingly challenging time.
- Categories
- Coronavirus, Finance
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Six Fintech Innovations Will Boost Financial Inclusion Levels for MENA’s Unbanked
“Covid-19 has accelerated the already pressing need for services that bring the advantages of financial inclusion to large swathes of the population and by extension national economies,” said Alicia Sornson, manager programmes and partnerships in Mena, at Village Capital.
“Regulators and investors are among the best placed to create the conditions that allow innovation to thrive."- Categories
- Finance
- Region
- North Africa & Near East
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Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond
The U.S., like over 130 countries around the world, has deployed direct cash transfers to mitigate the hardships of COVID-19. But as Sheida Isabel Elmi and Rachel Black at the Aspen Institute Financial Security Program point out, many U.S. households were financially insecure even before the pandemic began. They argue that cash transfers should be an ongoing response to these vulnerabilities, and share research on how to leverage these programs for the fullest benefit.
- Categories
- Coronavirus, Finance
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